Summary
In September, confidence among U.S. consumers fell due to growing worries about inflation and a weaker job market. The Conference Board reported that its consumer confidence index dropped to its lowest level since April.
Key Facts
- The consumer confidence index fell by 3.6 points to 94.2 in September.
- This was lower than what analysts had expected.
- The index is now at its lowest level since April.
- There is increasing concern about inflation and the job market among Americans.
- A measure of Americans' short-term expectations for income, business conditions, and the job market fell to 73.4.
- The measure below 80 could signal a possible recession.
- Consumers' views of their current economic situation dropped by 7 points to 125.4.
